Founders Fund Partner: Discussed Prediction Markets with Polymarket Founders as Early as 2016
On September 18th, BlockBeats reporter reported from the scene that Joey Krug, a partner at Founders Fund, spoke during the "Going Mainstream: Building Web3 Consumer Apps" roundtable discussion on the first day of the main venue at TOKEN2049, saying:
"From a consumer perspective, I think, first, if a product is already live, you can judge it based on its early traction. A lot of people tend to think that success happens overnight, but Shayne Coplan (founder of Polymarket) started emailing me about prediction markets back in 2016 or 2017, and we chatted about it every now and then for a year. Most people think we invested in Polymarket because of the election, but the election wasn't actually that important. Even after the election was over, Polymarket still had a sustainable, repeatable appeal."